Problem 11-15 WACC (LG11-2) Suppose that TapDance, Inc's capital structure features 60 percent equity, 40...
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Problem 11-15 WACC (LG11-2) Suppose that TapDance, Inc's capital structure features 60 percent equity, 40 percent debt, and that its before-tax cost of debt is 6 percent, while its cost of equity is 11 percent. Assume the appropriate weighted average tax rate is 34 percent. What will be TapDance's WACC? (Round your answer to 2 decimal places.) & Answer is complete but not entirely correct. IWAcc | 678 01%
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